Euro/US Dollar EURUSD

To trade EUR/USD Contracts for Difference (CFDs), simply follow these steps:

1. If you don’t already have a Global Trade account, you can create a trading account here.
2. Complete the registration process and make a deposit.
3. Search for EUR/USD under the "Majors" category, or type "EUR/USD" in the search bar.
   * You can add EUR/USD to your watchlist by clicking the star icon on the financial instrument’s information screen.
4. Consider setting a Stop Loss order to help you manage risk.
5. Check for events that impact EUR/USD prices, such as Federal Open Market Committee (FOMC) meetings, European Central Bank (ECB) announcements, Non-Farm Payrolls (NFP) reports, and updates on the economic calendar.
6. Open a position based on your view of EUR/USD’s future price movement.

The key factors influencing EUR/USD price movements include:

Interest Rates from the U.S. Fed and EU ECB - The Federal Open Market Committee (FOMC), a committee within the U.S. Federal Reserve System (commonly known as the Fed), holds meetings twice a month to make critical monetary policy decisions on interest rates and money supply.
The European Central Bank (ECB), an institution of the European Union (EU), typically holds monthly monetary policy meetings and is responsible for managing the day-to-day affairs of the EU—one of the world’s largest trading blocs.

For example, higher interest rates on the U.S. Dollar reduce the supply of Dollars in the market, which usually causes EUR/USD to decline.
Lower interest rates on the U.S. Dollar increase the supply of Dollars in the market, which usually causes EUR/USD to rise.

Employment Data - On the first Friday of each month, the U.S. Bureau of Labor Statistics releases a comprehensive report on the previous month’s employment situation. This report, often referred to as the NFP (Non-Farm Payrolls) or "jobs report," is a highly influential statistic on U.S. labor market conditions. It shows the number of jobs added or lost in the previous month, as well as changes in the unemployment rate.
There is no unified employment dataset for the Eurozone. However, employment outcomes and unemployment reports from the bloc’s major economies—Germany, France, and Italy—tend to impact the Euro’s exchange rate.

Geopolitical Tensions and Uncertainty - Political uncertainty and/or instability between the EU and the U.S. have a significant impact on EUR/USD prices. Uncertainty about the direction of political, social, and economic conditions in these trading blocs creates a psychological impact on day traders seeking to profit from price movements in EUR/USD and other financial instruments.

Read our article on Which Events Affect Forex Trading to learn more about factors that can shift forex prices.

EUR/USD is a currency pair consisting of the U.S. Dollar (USD) and the Euro (EUR)—the common currency of the Eurozone. The Dollar and Euro are the most heavily traded currencies globally, accounting for more than half of the total trading volume in the foreign exchange (forex) market.
The currency pair represents how many U.S. Dollars are needed to buy one Euro. For example, if the pair is trading at 1.35, it means you need 1.35 U.S. Dollars to purchase 1 Euro.

In CFD trading, your profits (or losses) are determined by referencing the price movements of the currency pair. You do not actually buy or sell the underlying asset.

Forex exchange rates are influenced by differences in the value of currencies or economic regions—for example, the Euro (EUR) compared to the currency of another country or region (such as the U.S. Dollar, USD).

These differences stem from factors including trade conditions, political stability, and overall economic performance between these countries or regions, as well as their economic growth, economic health, interest rates, inflation rates, and balance of payments (exports, imports, government debt, etc.).

• If the U.S. Dollar appreciates, the EUR/USD currency pair declines.
• If the U.S. Dollar depreciates, the EUR/USD currency pair rises.

For more information, see "What Economic Factors Affect EUR/USD Trading?".

Trading EUR/USD CFDs on the Global Trade platform offers more benefits than trading EUR/USD directly in the forex market. These benefits include:

• Leverage of up to 1:20
• Low spreads
• Zero deposit fees
• An intuitive mobile app with charts and technical indicators
• 24/7 customer support available in your language